Traverse Energy Ltd. completes C$11.5 million bought deal offering

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On March 12, 2014, Traverse Energy Ltd. closed its previously announced “bought-deal” financing, pursuant to which the Corporation issued an aggregate of 14,375,000 common shares which includes the exercise in full of the over-allotment option of 1,875,000 Common Shares, at a price of $0.80 per Common Share for total gross proceeds of $11,500,000.

BLG represented Traverse Energy Ltd. with a team including Daniel Kolibar and Nav Dhaliwal.